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  • #5,341
  • Feb 13, 2013 10:46am Feb 13, 2013 10:46am
Quoting SedonaPipper
Thinking that the indicator is an EA. Not doing a week of drawing boxes by hand so you get the concept down. Not reading the whole thread.

those are just a few of your sins.
And when SedonaPipper says you have sinned, boy have you ever sinned!
To improve is to change. To perfect, is to change often.
  • #5,342
  • Feb 13, 2013 11:00am Feb 13, 2013 11:00am
Quoting Number 47
Sorry FH, not intended as bragging, just updating my results....
Understood, but in here we need more than just shorthand. And I see you did post pics later, so it's all good. Just keep in mind that without pics then it's much harder for the rest of us to learn from your experiences (or your mistakes), and it's actually impossible for Xux and myself to diagnose your charts and/or your use of the custom indi. They really are worth a thousands words.

And that's not even getting into a discussion about the trolls that talk about us in the other forums, saying that we just make stuff up in here to look good to outsiders. The best way to shut them all up is by posting charts.

No blood, no foul. Keep it going....
To improve is to change. To perfect, is to change often.
  • #5,343
  • Feb 13, 2013 1:43pm Feb 13, 2013 1:43pm
Gentlemen: FXhard and XuX,
The attached chart shows a winning trade last night(my time) for GBP. Yet infact the position was stopped out. I have refreshed, changed time frames etc, to update my chart. Has my old age forgotten to do something else?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-stopped out.jpg Size: 109 KB
  • #5,344
  • Feb 13, 2013 1:53pm Feb 13, 2013 1:53pm
How were you stopped out? Looks like a good short trade to me...
To improve is to change. To perfect, is to change often.
  • #5,345
  • Feb 13, 2013 2:17pm Feb 13, 2013 2:17pm
With a 30 pip stop the indicator should show a stop out at 1.56783, given the entry price was 1.56483. Price infact went to 1.56818. Have I misinterpreted something?
  • #5,346
  • Feb 13, 2013 2:24pm Feb 13, 2013 2:24pm
Quoting manfredg
With a 30 pip stop the indicator should show a stop out at 1.56783, given the entry price was 1.56483. Price infact went to 1.56818. Have I misinterpreted something?
The CZ in question was 39p tall. Add the Buffer Line and slippage, and your SL should have been around 42 or 43p. The only way you would have a 30p stop is if you have engaged the StopLossOverride feature, thereby forcing the indicator to ignore the hardcoded 1:1 ratio in favor of a custom stop loss setting. Is this so? Are you using the Override?
To improve is to change. To perfect, is to change often.
  • #5,347
  • Feb 13, 2013 2:33pm Feb 13, 2013 2:33pm
Yes. With this broker this gives me the greatest level of comfort as well as results. I can successfully manage my money as well as my emotions.
  • #5,348
  • Feb 13, 2013 2:41pm Feb 13, 2013 2:41pm
...[short] entry price was 1.56483
...stop out at 1.56783 (30p above the entry price)
...price infact went to 1.56818 (4p higher than the SL)

So price on a short trade spiked 4p higher than your stop. Stopping out your short trade.

What was your question again?...
To improve is to change. To perfect, is to change often.
  • #5,349
  • Feb 13, 2013 2:44pm Feb 13, 2013 2:44pm
Given my settings I was wondering why the indicator did not show the trade as having been stopped out?
  • #5,350
  • Feb 13, 2013 2:53pm Feb 13, 2013 2:53pm
Quoting manfredg
Given my settings I was wondering why the indicator did not show the trade as having been stopped out?
AHH, now we're getting somewhere.

Short answer: I dunno.

Long answer: It may be a Metatrader issue (which has been discussed about 4 pages back, since other members had seen something similar last week); or it could be a bug with the indi with regard to the Override feature, since I don't use it and it hasn't been tested as thoroughly as the parts that I do use all the time. Xux is the one to answer that part.

Final answer: You really shouldn't be using the override by default. If you want tighter stops, then use a tighter CZ height parameter. Look at my last few pics to get an idea of how it should be done IMHO.

EDIT: I've just sent Xux a PM about your question...
To improve is to change. To perfect, is to change often.
  • #5,351
  • Feb 13, 2013 3:00pm Feb 13, 2013 3:00pm
OK. Thanks for your patience and replies. I'll review my settings.
BTW both you and XuX have done a fantastic job with the indicator. I for one; and I know I'm not alone, once again offer my heartfelt thanks for your time and expertise. (Too mushy??) Seriously; Thank You!!
  • #5,352
  • Feb 13, 2013 3:29pm Feb 13, 2013 3:29pm
Forgot to mention earlier but I had some slippage earlier on the same trade. Not really relevant but thought I'd post a chart. The first arrow is where the trade was first indicated, I took it and later it signaled the trade a second time and moved the indicator arrow along to where you see it now. Didn't affect anything but thought it may be of interest.

Hmm, for some reason the cz is blacked out on my saved picture but you can get the idea from the buffer lines.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp today1.gif Size: 28 KB
  • #5,353
  • Feb 13, 2013 3:46pm Feb 13, 2013 3:46pm
Quoting manfredg
Given my settings I was wondering why the indicator did not show the trade as having been stopped out?
And Xux already has an answer to your question. Seems like it boils down to another limitation of the Metatrader platform. Otherwise, Xux would be able to fix it:

"Stop loss and take profit were hit during the same candle. The indicator should guess which was hit first as it has no real time price data. This guess may not be always correct but there is no way to fix this problem."
To improve is to change. To perfect, is to change often.
  • #5,354
  • Feb 13, 2013 4:23pm Feb 13, 2013 4:23pm
Quoting Number 47
Forgot to mention earlier but I had some slippage earlier on the same trade. Not really relevant but thought I'd post a chart. The first arrow is where the trade was first indicated, I took it and later it signaled the trade a second time and moved the indicator arrow along to where you see it now. Didn't affect anything but thought it may be of interest.

Hmm, for some reason the cz is blacked out on my saved picture but you can get the idea from the buffer lines.
I wonder if you have the ema turned on - I noticed that it has a habit of showing an entry then when price changes it will turn off. I don;t use it for that reason, It shows great results but I am not confident that they are real yet. Right now I am sticking to what I know that works.
I make money anywhere in the world by taking orders
  • #5,355
  • Feb 13, 2013 5:12pm Feb 13, 2013 5:12pm
Quoting SedonaPipper
I wonder if you have the ema turned on - I noticed that it has a habit of showing an entry then when price changes it will turn off. I don;t use it for that reason, It shows great results but I am not confident that they are real yet. Right now I am sticking to what I know that works.
It happens even with the EMA turned off, a lot less often, but it still does; we just gotta live with it.
  • #5,356
  • Feb 13, 2013 7:20pm Feb 13, 2013 7:20pm
Sedona, Number, Jay -- Guys, do you realize that the irratic behavior you are describing is from the MT4 platform, possibly combined with broker slippage, and not the fault of the custom indi? Has that fact come through my last few posts (and Xux's) on this subject, or hasn't it?
To improve is to change. To perfect, is to change often.
  • #5,357
  • Feb 13, 2013 7:55pm Feb 13, 2013 7:55pm
Quoting forexhard
Sedona, Number, Jay -- Guys, do you realize that the irratic behavior you are describing is from the MT4 platform, possibly combined with broker slippage, and not the fault of the custom indi? Has that fact come through my last few posts (and Xux's) on this subject, or hasn't it?
It has. I am not blaming. I am pointing out experiences I have had and understand that I can not blindly follow the indicator due to this irratic behaviour. As always it is a naked trading system based on CZ's. The indicator has proven that cz's work and to be successful I still have to understand what a good cz looks like and see how price is acting as it comes out of a cz.
I make money anywhere in the world by taking orders
  • #5,358
  • Feb 13, 2013 8:00pm Feb 13, 2013 8:00pm
Quoting SedonaPipper
It has. I am not blaming. I am pointing out experiences I have had and understand that I can not blindly follow the indicator due to this irratic behaviour. As always it is a naked trading system based on CZ's. The indicator has proven that cz's work and to be successful I still have to understand what a good cz looks like and see how price is acting as it comes out of a cz.
Correct. You are absolved, my son. Go and sin no more.

NEXT!...
To improve is to change. To perfect, is to change often.
  • #5,359
  • Feb 13, 2013 11:58pm Feb 13, 2013 11:58pm
http://www.forexfactory.com/showthread.php?t=409846

Wow... just, wow. Guy is well on his way to winning the Darwin prize for trading.
To improve is to change. To perfect, is to change often.
  • #5,360
  • Feb 14, 2013 12:11am Feb 14, 2013 12:11am
Quoting forexhard
http://www.forexfactory.com/showthread.php?t=409846

Wow... just, wow. Guy is well on his way to winning the Darwin prize for trading.
good I won that award last year.
I make money anywhere in the world by taking orders
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